Waterfront Redevelopment Opportunity, Siteia, Lasithi, Crete | Property for sale | Savills
12,626.07 sq ft(1,173 sq m)
Asking price €2,100,000(899,531 OMR)

Waterfront Redevelopment OpportunitySiteia, Lasithi, Crete

    12,626.07 sq ft (1,173 sq m)

    Key features

    • Marina Frontage
    • Showroom Premises
    • 3 residential apartments
    • Expansion potential

    Occupying a prime position directly overlooking Sitia Marina, this substantial freehold building offers a scale of development along the waterfront.

    About this property

    • The property extends over three floors, currently configured with multi-level commercial space below and established residential accommodation above.

      Its solid structural framework, generous ceiling heights, and street access provide a versatile canvas for transformation into a boutique hotel, serviced apartment scheme, or premier waterfront retail and dining destination.

      The upper levels feature a 125 sqm penthouse with wide verandas overlooking the bay, alongside two self-contained units suitable for guest accommodation or management quarters.

      Operational infrastructure is already well-established, including a heavy-duty Kleemann passenger lift serving all levels, commercial-grade ventilation, and fire safety systems. Positioned just 50 metres from the town’s Blue Flag beach, the asset presents a compelling commercial foundation in a rapidly growing East Crete hub.

    Local information

    • Set directly along Sitia's main harbourfront, the property sits at the heart of the town’s maritime and dining quarter.

    • Sitia is a authentic coastal port in Eastern Crete, known for its harbour lifestyle, palm-lined promenade, and proximity to the UNESCO Global Geopark and Vai Palm Beach.

    • Unlike seasonal resorts, Sitia maintains a year-round local economy supported by its port and international airport.

    Additional information

    • Sitia Marina – 40 m

    • Organised Beach – 50 m

    • Sitia Airport – 4 km (2.5 miles)

    • Agios Nikolaos – 65 km (40 miles)

    • Heraklion Airport – 125 km (78 miles)